This Chart Shows the Fees for an 18-Hole Round of Golf

question 243

Multiple Choice

This chart shows the fees for an 18-hole round of golf for each of the last 5 years at a local municipal golf course. Assume that this chart defines a function with the name of f. Find f(2010) . $$\begin{array} { c | c } \text { Year } & \text { Fee } \\\hline 2008 & \$ 22 \\2009 & \$ 24 \\2010 & \$ 26 \\2011 & \$ 26 \\2012 & \$ 28\end{array}$$

• A) $22
• B) $28
• C) $26
• D) $24

Distinguish between argument names in function headers as parameters or actual arguments.

Apply proper scaling techniques to adjust random numbers within a specified range.

Recognize and utilize function prototypes correctly, including those that return no value.

Understand and apply the correct syntax for including header files and utilizing common C library functions.

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Definitions:

Economies Of Scale

The advantages in cost that enterprises gain by scaling up their operations, usually seen as a decrease in the per-unit cost of output as production scales up.

Minimum Average Cost

The lowest point on the average cost curve, representing the most efficient scale of production for minimizing costs.

Competitive Firm

A firm operating in a market where it has no power to influence market prices and typically faces many competitors with similar products.

Normal Profits

The minimum level of profit needed for a company to remain competitive in the market; it occurs when economic profit is zero after accounting for all costs, including opportunity costs.